SFP Tech Holdings Bhd has a quick ratio of 2.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for SFP Tech Holdings Bhd's Quick Ratio or its related term are showing as below:
XKLS:0251'
s Quick Ratio Range Over the Past 10 Years
Min: 1.92 Med: 2.38 Max: 4.58
Current: 2.29
During the past 7 years, SFP Tech Holdings Bhd's highest Quick Ratio was 4.58. The lowest was 1.92. And the median was 2.38.
XKLS:0251's Quick Ratio is ranked better than 74.9% of 3024
companies
in the Industrial Products industry
Industry Median: 1.41
vs XKLS:0251: 2.29
SFP Tech Holdings Bhd Quick Ratio Historical Data
The historical data trend for SFP Tech Holdings Bhd's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of SFP Tech Holdings Bhd's Quick Ratio
For the Specialty Industrial Machinery subindustry, SFP Tech Holdings Bhd's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SFP Tech Holdings Bhd's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, SFP Tech Holdings Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SFP Tech Holdings Bhd's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
SFP Tech Holdings Bhd's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SFP Tech Holdings Bhd (XKLS:0251) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
SFP Tech Holdings Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of SFP Tech Holdings Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Penang Science Park, MK13, Plot 322, Lorong Perindustrian Bukit Minyak 20, Kawasan Perindustrian, Bukit Minyak, Central Seberang Perai, Pulau Pinang, PNG, MYS, 14100
SFP Tech Holdings Bhd is a Malayasia-based integrated one-stop automation equipment solution and engineering supporting service provider. company. It has two reportable segments which include Engineering Supporting Services, and Automation. Engineering Supporting Services include the provision of sheet metal fabrication, CNC machining, and mechanical assembly services. Automation includes the provision of automation equipment solutions and the trading of spare parts. The group's geographical segments include Malaysia, the United States, Singapore, and Others, from which it derives the majority of its revenue from Malaysia.
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